Give Trust a Chance--A Model of Trust in the Context of an IMF-Supported Program
AbstractThis paper is an attempt to identify the determinants of trust between country authorities and IMF staff in the context of an IMF-supported program. Using an outcomes-based definition of trust, a game-theoretic model is developed to compute the level of trust between the two parties. The results and the analysis of trust-related issues emerging in a program context suggest that trust between country authorities and IMF staff exerts a positive impact on the likelihood of program success through its ability to improve the quality of the design, the efficiency of negotiation, and the effectiveness of implementation of an IMF-supported program. Some initiatives to secure such benefits and enhance trust in staff are proposed.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 07/42.
Date of creation: 01 Feb 2007
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-03-24 (All new papers)
- NEP-CBE-2007-03-24 (Cognitive & Behavioural Economics)
- NEP-SOC-2007-03-24 (Social Norms & Social Capital)
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